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NASDAQ:PENNPenn National Gaming Stock Price, Forecast & News

$32.71
+1.47 (+4.71 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$31.12
Now: $32.71
$33.00
50-Day Range
$13.28
MA: $20.46
$33.15
52-Week Range
$3.75
Now: $32.71
$39.18
Volume14.14 million shs
Average Volume9.78 million shs
Market Capitalization$3.82 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.57
Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Current SymbolNASDAQ:PENN
CUSIP70756910
Phone610-373-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.30 billion
Cash Flow$3.96 per share
Book Value$15.98 per share

Profitability

Net Income$43.90 million

Miscellaneous

Employees28,300
Market Cap$3.82 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

How has Penn National Gaming's stock been impacted by COVID-19 (Coronavirus)?

Penn National Gaming's stock was trading at $19.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PENN shares have increased by 65.1% and is now trading at $32.71. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Penn National Gaming?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Penn National Gaming.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Penn National Gaming.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc (NASDAQ:PENN) posted its quarterly earnings results on Thursday, May, 7th. The company reported ($4.42) earnings per share for the quarter, missing the consensus estimate of $0.20 by $4.62. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Penn National Gaming had a negative net margin of 11.80% and a positive return on equity of 0.60%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. View Penn National Gaming's earnings history.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its board has authorized a stock repurchase program on Wednesday, January 9th 2019, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for PENN?

10 analysts have issued 12-month target prices for Penn National Gaming's stock. Their forecasts range from $12.00 to $39.00. On average, they expect Penn National Gaming's share price to reach $26.63 in the next year. This suggests that the stock has a possible downside of 18.6%. View analysts' price targets for Penn National Gaming.

Has Penn National Gaming been receiving favorable news coverage?

News articles about PENN stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Penn National Gaming earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPenn National Gaming.

Are investors shorting Penn National Gaming?

Penn National Gaming saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 16,790,000 shares, an increase of 13.1% from the April 30th total of 14,840,000 shares. Based on an average daily trading volume, of 9,240,000 shares, the short-interest ratio is currently 1.8 days. Approximately 15.3% of the company's shares are sold short. View Penn National Gaming's Current Options Chain.

Who are some of Penn National Gaming's key competitors?

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include Walt Disney (DIS), AT&T (T), Netflix (NFLX), NVIDIA (NVDA), MGM Resorts International (MGM), Boeing (BA), Eldorado Resorts (ERI), Las Vegas Sands (LVS), Alibaba Group (BABA) and Carnival (CCL).

Who are Penn National Gaming's key executives?

Penn National Gaming's management team includes the following people:
  • Mr. Timothy J. Wilmott, CEO & Director (Age 60)
  • Mr. Jay A. Snowden, Pres & COO (Age 43)
  • Mr. William J. Fair, Exec. VP of Fin., CFO & Treasurer (Age 56)
  • Mr. Carl Sottosanti, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Christine LaBombard, Sr. VP & Chief Accounting Officer (Age 49)

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.79%), Invesco Ltd. (3.87%), State Street Corp (2.96%), Eminence Capital LP (1.86%), Geode Capital Management LLC (1.45%) and Jennison Associates LLC (1.31%). Company insiders that own Penn National Gaming stock include David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein, Timothy J Wilmott and William J Fair. View institutional ownership trends for Penn National Gaming.

Which major investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Channing Capital Management LLC, Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., Eagle Asset Management Inc., Carillon Tower Advisers Inc., and BlackRock Inc.. View insider buying and selling activity for Penn National Gaming.

Which major investors are buying Penn National Gaming stock?

PENN stock was acquired by a variety of institutional investors in the last quarter, including Eminence Capital LP, JPMorgan Chase & Co., AQR Capital Management LLC, Thrivent Financial for Lutherans, Premier Asset Management LLC, Drexel Morgan & Co., Jennison Associates LLC, and Wells Fargo & Company MN. Company insiders that have bought Penn National Gaming stock in the last two years include David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein, Timothy J Wilmott, and William J Fair. View insider buying and selling activity for Penn National Gaming.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $32.71.

How big of a company is Penn National Gaming?

Penn National Gaming has a market capitalization of $3.82 billion and generates $5.30 billion in revenue each year. The company earns $43.90 million in net income (profit) each year or $0.37 on an earnings per share basis. Penn National Gaming employs 28,300 workers across the globe.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at 610-373-2400 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff

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